ENERGY FUELS INC UUUU
Energy Fuels Inc. is an Ontario corporation with its corporate offices located in Lakewood, Colorado (a city in the Denver metropolitan area). It was incorporated on June 24, 1987 in the Province of Alberta under the name "368408 Alberta Inc." In October 1987, 368408 Alberta Inc. changed its name to "Trevco Oil & Gas Ltd." In May 1990, Trevco Oil & Gas Ltd. changed its name to "Trev Corp." In August 1994, Trev Corp. changed its name to "Orogrande Resources Inc." In April 2001, Orogrande Resources Inc. changed its name to "Volcanic Metals Exploration Inc." On September 2, 2005, the Company was continued under the OBCA. On March 26, 2006, Volcanic Metals Exploration Inc. acquired 100% of the outstanding shares of "Energy Fuels Resources Corporation." On May 26, 2006, Volcanic Metals Exploration Inc. changed its name to "Energy Fuels Inc." On November 5, 2013, the Company amended its Articles of Incorporation to consolidate its issued and outstanding, freely tradable Common Shares on the basis of one post-consolidation Common Share for every 50 pre-consolidation Common Shares.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.9M | $78.1M | $37.9M | $12.5M | $3.2M | $1.7M | $5.9M | $31.7M | $31.0M | $54.6M |
| Cost of revenue | $52.2M | $55.9M | $18.2M | $7.8M | $1.8M | $0 | $3.9M | $14.8M | $19.4M | $35.5M |
| Gross profit | $13.8M | $22.2M | $19.7M | $4.7M | $1.4M | $1.7M | $1.9M | $17.0M | $11.6M | $19.1M |
| SG&A | $64.8M | $36.6M | $27.9M | $25.5M | $15.3M | $14.4M | $14.3M | $14.2M | $14.9M | $15.5M |
| Total operating expenses | $167.1M | $125.6M | $70.3M | $57.5M | — | — | — | — | — | — |
| Operating income | -$101.2M | -$47.5M | -$32.4M | -$44.9M | -$35.4M | -$24.6M | -$40.6M | -$21.3M | -$28.5M | -$38.8M |
| Interest expense | — | — | — | — | $54.0K | $952.0K | $1.5M | $1.7M | $2.1M | $2.3M |
| Pre-tax income | -$87.1M | -$48.2M | $100.0M | -$59.9M | $1.4M | -$27.9M | -$38.1M | -$25.4M | -$28.0M | -$39.9M |
| Income tax | $979.0K | $372.0K | $276.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$86.1K | -$47.8K | $99.8K | -$59.9K | $1.4K | -$27.9M | -$38.1M | -$25.4M | -$28.0M | -$39.9M |
| EPS, basic | -0.38 | -0.28 | 0.63 | -0.38 | 0.01 | -0.23 | -0.40 | — | — | — |
| EPS, diluted | -0.38 | -0.28 | 0.62 | -0.38 | 0.01 | -0.23 | -0.40 | -0.30 | -0.39 | -0.70 |
| Shares, diluted (wtd. avg.) | $224.7M | $172.0M | $160.2M | $157.3M | $149.7M | $121.2M | $0 | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $64.7M | $38.6M | $75.0M | $80.3M | $132.8M | $41.0M | $32.9M | $34.3M | $40.7M | $40.1M |
| Short-term investments | — | — | — | — | — | — | — | $25.6M | — | — |
| Receivables | $18.0M | $37.8M | $816.0K | $519.0K | $4.0M | $1.2M | $1.3M | $1.2M | $1.3M | — |
| Inventory | $73.5M | $66.5M | $40.7M | $40.6M | $32.1M | $28.9M | $24.0M | $18.3M | $16.6M | — |
| Total current assets | $958.7M | $230.2M | $232.7M | $135.6M | $149.3M | $52.5M | $43.2M | $60.9M | $43.2M | — |
| Property, plant and equipment | $69.8M | $55.2M | $26.1M | $12.7M | $22.0M | $23.6M | $26.2M | $29.8M | $33.1M | — |
| Other intangibles | $4.4M | $4.8M | $0 | — | — | — | — | $0 | $2.5M | — |
| Total assets | $1.41B | $612.0M | $401.9M | $273.9M | $315.4M | $183.2M | $175.7M | $196.8M | $185.3M | — |
| Accounts payable | $5.3M | $7.5M | $1.0M | $1.9M | $3.0M | $1.1M | $2.0M | $1.9M | $762.0K | — |
| Short-term debt | — | — | — | — | — | $0 | $16.9M | — | — | — |
| Total current liabilities | $31.2M | $59.3M | $10.4M | $18.6M | $6.1M | $12.3M | $22.6M | $8.9M | $9.9M | — |
| Long-term debt | $675.7M | — | — | — | — | — | — | $15.9M | $24.1M | — |
| Total liabilities | $729.3M | $80.3M | $22.7M | $29.5M | $19.9M | $25.7M | $45.1M | $51.9M | $58.1M | — |
| Retained earnings | -$489.7M | -$404.0M | -$356.3M | -$456.1M | -$396.3M | -$397.8M | -$370.0M | -$332.1M | -$309.3M | — |
| Total equity | $678.4M | $527.8M | $379.2M | $244.4M | $295.5M | $157.5M | $130.6M | $144.9M | $127.3M | $137.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$89.5M | -$44.0M | -$15.4M | -$49.7M | -$29.3M | -$32.2M | -$44.4M | -$7.8M | -$10.3M | -$12.0M |
| Depreciation and amortisation | $5.4M | $3.1M | $2.8M | $3.3M | $3.2M | $2.7M | $1.2M | $3.8M | $4.6M | $4.3M |
| Stock-based compensation | $12.6M | $5.4M | $4.6M | $4.6M | $2.2M | $2.6M | $3.8M | $2.8M | $3.5M | $2.7M |
| Capital expenditure | $19.3M | $22.2M | $15.4M | $2.0M | $1.4M | $627.0K | $0 | $107.0K | $0 | $260.0K |
| Investing cash flow | -$778.1M | -$13.3M | -$23.9M | -$7.1M | $3.2M | $3.6M | $22.6M | -$20.2M | $0 | $3.9M |
| Financing cash flow | $895.0M | $15.6M | $30.4M | $7.9M | $117.9M | $36.6M | $20.4M | $21.6M | $10.4M | $22.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001062993-26-002046.
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